Raising Money for Basic Inorganic Chemical Manufacturing

Looking for bank loans for basic inorganic chemical manufacturing? Try the SBA. This $250,000 basic inorganic chemical manufacturing loan was issued by an Oklahoma bank.

Summit Industries And Solution knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Citizens Security Bank & Trust, based in Bixby, Oklahoma.

SBA Loan Borrower

SUMMIT INDUSTRIES AND SOLUTION
1610 N. 170TH E. AVENUE
TULSA, OK 74169

SBA Loan Lender

CITIZENS SECURITY BANK & TRUST
14821 S MEMORIAL
BIXBY, OK 74008

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325188 - All Other Basic Inorganic Chemical Manufacturing

Loan Approval Date

3/28/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower, Summit Industries And Solution, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Summit Industries And Solution loan from Citizens Security Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Angel Investors

Best Banks for Small Business in Bixby, Oklahoma

Oklahoma SBA 7A Lenders

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